The rise of the robots: How the market is booming

The rise of the robots: How the market is booming

By Fouad Bendris

The robotics industry is experiencing an investment boom, as the technology develops. What could it mean for humans?

Although the amount of money flowing into a new robotics industry is still at a relatively early stage, all the lead indicators of the innovation economy are pointing up. Patent filings covering robotics technology — one sign of the expected impact — have soared. According to IFI Claims, a patent research company, annual filings have tripled over the past decade. China alone accounted for 35 per cent of robot-related patent filings last year — more than double nearest rival Japan.

Fouad Bendris’s insight:
The computational power required has gone down a lot.” The result is a new class of machines that can operate by themselves in human space, the advance guard of a new robot industry !

Source:: Strategy & Governance

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